Question to the Department for Education:

To ask the Secretary of State for Education, what recent estimate she has made of the financial return to the UK economy of public investment in higher education.

Graduates make a significant economic and financial contribution to the UK economy. A report commissioned by Universities UK and published in 2024 suggests that the UK higher education sector contributes around £265 billion to the UK economy and that every £1 of public funding invested in the sector’s teaching activities generated a total of some £13 in wider economic impact across the UK.

The Universities UK commissioned report can be found here: https://www.universitiesuk.ac.uk/sites/default/files/field/downloads/2024-09/LE-UUK-Impact-of-university-TL-and-RI-Final-Report.pdf.